Rohit Kapoor, CEO, OYO, India South Asia
It is heartening to see a budget that focuses on improving standards of living as well as economic development. A grant of INR 2500 crores for tourism promotion and the development of 5 iconic archeological sites and museums in the country are bright indicators of the renewed focus of the government on the travel and tourism industry. Apart from these initiatives, the overall focus on increased disposable income, better infrastructure, better connectivity and the digital push will help boost demand for the hospitality industry in India. It is also heartening that the government acknowledges and understands the role of entrepreneurs in both capital and job creation in the country. Government’s efforts towards creating more opportunities for startups will spur entrepreneurship.